SPAS 24: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SPAS 24
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€18,680
up €18,680 (+11.0%), from €170,047 to €188,727
- Profit (loss) carried forward -€13,566
down €13,566 (-6.3%), from -€214,362 to -€227,928
- Tax, wage and social debts -€6,803
no longer reported in 2025 (was €6,803)
- Trade debts +€2,663
up €2,663 (+193.9%), from €1,373 to €4,037
- Short-term financial debts -€973
down €973 (-3.3%), from €29,938 to €28,964
- Taxes +€3,394
new in 2025: €3,394
- Financial charges +€2,706
up €2,706 (+86.6%), from €3,124 to €5,830
- Other operating charges +€1,770
new in 2025: €1,770
- Gross operating margin +€1,709
up €1,709 (+59.5%), from -€2,872 to -€1,163
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total equity and liabilities | 10/49 | €0 | €0 | = | |
| Equity | 10/15 | -€208,162 | -€221,728 | -€13,566 | -6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€214,362 | -€227,928 | -€13,566 | -6.3% |
| Amounts payable | 17/49 | €208,162 | €221,728 | +€13,566 | +6.5% |
| Amounts payable within one year | 42/48 | €208,162 | €221,728 | +€13,566 | +6.5% |
| Financial debts | 43 | €29,938 | €28,964 | -€973 | -3.3% |
| Credit institutions | 430/8 | €29,938 | €28,964 | -€973 | -3.3% |
| Trade debts | 44 | €1,373 | €4,037 | +€2,663 | +193.9% |
| Suppliers | 440/4 | €1,373 | €4,037 | +€2,663 | +193.9% |
| Taxes, remuneration and social security | 45 | €6,803 | - | -€6,803 | |
| Taxes | 450/3 | €6,803 | - | -€6,803 | |
| Other amounts payable | 47/48 | €170,047 | €188,727 | +€18,680 | +11.0% |
| Other operating charges | 640/8 | - | €1,770 | +€1,770 | |
| Gross operating margin | 9900 | -€2,872 | -€1,163 | +€1,709 | +59.5% |
| Operating profit (loss) | 9901 | -€2,872 | -€2,933 | -€61 | -2.1% |
| Financial charges | 65/66B | €3,124 | €5,830 | +€2,706 | +86.6% |
| Recurring financial charges | 65 | €3,124 | €5,830 | +€2,706 | +86.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,996 | -€8,763 | -€2,767 | -46.1% |
| Income taxes | 67/77 | - | €3,394 | +€3,394 | |
| Profit (loss) for the period | 9904 | -€5,996 | -€12,157 | -€6,161 | -102.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,996 | -€12,157 | -€6,161 | -102.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.